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Credit Suisse plans trigger performance securities on Russell 2000
By Jennifer Chiou
New York, Dec. 3 – Credit Suisse AG plans to price 0% trigger performance securities due Dec. 31, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 130% to 140% of the index return, with the exact participation rate to be determined at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.
The notes (Cusip: 22547T464) will price on Dec. 26 and settle on Dec. 31.
UBS Financial Services Inc. is the distributor.
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